Understanding Tax Deed Certificates

Tax deeds are a fascinating way to invest in real estate. Here’s a quick breakdown of how they work:

What is a Tax Deed?:

• When property owners fail to pay their property taxes, the county can sell the property deed at auction to recover the owed taxes. As an investor, you can bid on these properties, and if you win, you get the deed to the property.

Redemption Period:

• In Fulton County, there’s a one-year redemption period. This means that the original owner can still reclaim their property by paying the owed taxes plus penalties and interest. If they do, you get your investment back plus a 20% return for the first year and an additional 10% for each subsequent year.

High Returns:

• If the owner does not redeem the property, you get full ownership after the redemption period. This process can result in substantial profits, making tax deeds a lucrative investment.

Steps to Start Tax Deed Investing in Fulton County

1. Research and Understand Local Laws

Understanding the local laws is crucial. Here are some key points:

• Legal Framework: Familiarize yourself with the Georgia Code regarding tax sales and redemptions. This will help you navigate the process smoothly and avoid any legal pitfalls.
• Regulations: Ensure you understand the specific regulations for Fulton County. This includes the procedures for bidding, payment, and the redemption period.

2. Visit the Local Treasurer’s Website

The Fulton County Sheriff’s Office handles tax sales. Here’s where to find the information:

• Tax Sale Information: Visit the Fulton County Tax Sales page for detailed information on upcoming sales, registration procedures, and more.
• Sheriff’s Office: The Fulton County Sheriff’s Office provides all necessary details about tax sales.

3. Check the Auction Site

Fulton County tax sales are held on the steps of the Justice Center Tower at 185 Central Avenue in Atlanta:

• Auction Site: Due to renovations, sales are currently held at this location. Make sure to verify the location each month on the Sheriff’s Office website.

4. Register for the Auction

Registration is mandatory and must be completed online:

• Registration: Complete your online registration by 5 PM the Friday before the sale. You’ll need to provide your details and bring a printed copy along with your ID on the day of the sale to receive your bidder card.

5. Understand the Details

It’s essential to understand the finer details of the tax sale:

• Payment: Winning bids must be paid in full by 4 PM on the day of the sale. Accepted payment methods include cash, certified check, or money order.
• Redemption Period: Remember, the property owner has one year to redeem the property by paying the owed amount plus penalties and interest.

Important Details

Detail	Information
Tax Sale Type	Tax Deed
Typical Sale Date	First Tuesday of Each Month
Redemption Period	365 days / 12 months
Interest Rate	20% for the first year, an additional 10% for each subsequent year
Bid Procedure	Premium Bid
Payment Method	Cash, certified check, or money order
Registration Requirements	Online registration must be completed by 5 PM the Friday before the sale
Sale Location	Justice Center Tower, 185 Central Ave SW, Atlanta, GA 30303
Sheriff’s Office Contact	404-612-5100
Auction Site	Justice Center Tower steps, 185 Central Ave SW, Atlanta, GA 30303
Additional Listings	Fulton Daily Report

Tips for Successful Fulton County Tax Deed Investing

• Scout Lists and Plan Bids: Obtain the list of tax-delinquent properties ahead of time from county websites or local newspapers. These lists include crucial details like property descriptions and minimum bids.
• Conduct Thorough Research: Assess the condition and location of each property. Understand the factors that influence market value. This helps formulate a solid investment strategy.
• Understand the Georgia Redeemable Tax Deed System: Familiarize yourself with the process of redeeming tax deeds in Georgia. This will aid in making informed decisions and maximizing returns.

Frequently Asked Questions

Q: How do I find out which properties are up for auction?
A: Listings are available on the Fulton County Tax Sales page and in the Friday edition of the Fulton Daily Report.

Q: Can I inspect the property before bidding?
A: Typically, properties are sold “as is,” and inspection might not be possible. However, doing a drive-by inspection and researching the property through public records can be helpful.

Q: What happens if no one bids on a property?
A: If a property does not sell at auction, it may be offered in a subsequent sale or over the counter at the discretion of the county.

Q: How do I claim excess funds from a tax sale?
A: Follow the instructions provided by the Sheriff’s Office for claiming excess funds. Necessary documents include a notarized affidavit, an indemnification agreement, and a 50-year title certificate.

Investing in Fulton County tax deeds can be highly profitable with proper research and preparation. Make sure to stay informed and follow the procedures outlined by the Sheriff’s Office to maximize your investment potential.

Need a Hand?

If you need further assistance or have any questions about tax lien investing, feel free to book a call with us or access our free resources. We are here to help you succeed in your investment journey.

Sign up or log in to view the full content.